Whether you are a start-up or a large established company, there are several government programs that can provide financial assistance to your business. There are many business grants available across the UK and some business sectors – such as energy, export and innovation – are particularly active and offer a range of options.

How are business grants paid?

It depends on the specific grant you’re applying for. You might:

• receive your grant as a single lump sum upfront
• be reimbursed after spending your own money
• or you may need to match the value of the grant before you receive it

Business grants usually have very specific eligibility criteria.

These can vary, but often take account of things such as:

• the size of your business
• where you are based
• the sector you are in
• what you will use the grant money for

What are the benefits?

The main benefits of grant finance are as follows:

• You don’t need to pay the money back
• You retain control of your business
• Funding is in good supply, with lots of different options available

Our Grant Hub will assist you by providing the up to date information on the grants available and the suitable funding for your business. If you need any advice concerning grants please contact rachel.buxton@twca.co.uk.